How to fund your dream studies with educational loans?

1. How to fund your dream studies with educational loans? With each passing day, the cost of education is soaring high, and many aspirants are searching for the finances to fulfil their dreams goals. Not every parent/guardian is financially sound to fund the entire higher studies because of prior commitment and high inflation rates. Traditional finances or personal loan are way too costly and they cannot guarantee sufficient money to complete the higher studies. Therefore, the best way to fund your higher education would be taking an Educational Loan. Study loans have come as a significant relief for higher education aspirants. Today, they have become cheaper and easily available and many public and private finance companies, NBFCs, credit unions are offering student loans at competitively lower interest rates.

2. Student loans are offered to job oriented technical/professional graduation/post-graduation degree/diploma courses including MS, MBA, MCA, engineering, aeronautical studies, MBBS, etc. across reputed universities in India or abroad. It also supports courses conducted by a Certified Public Accountant) and Chartered Institute of Management Accountants (CIMA). Your Study Loans will cover higher studies fees pertaining to examination, library, lab, purchases need for course completion like books, laptops, uniform, instruments, caution - refundable deposits, travel expenses to a certain extent and expenses like study tours, project work funding, etc. While most government banks and credit unions demand to show margin money there are many leading private finance companies who are willing to give 100% education finance with customized solutions like pre-admission loan, Pre Visa Disbursement loan, score based products, 100% funding for meritorious students, wider course and country coverage, bridge up loan, etc.

3. There are online facilities wherein you can reach out to them anytime for loan counselling. They will understand your requirements and accordingly give you a financial solution and repayment options. With an educational loan, you can choose any of the reputed universities in popular destinations such as the USA, Canada, UK, France, New Zealand, Belgium, Australia, Singapore, etc. The eligible loan amount depends on various factors like the university reputation, type of course and its job prospects, cost of living, foreign currency rates, your academic score and parents/guardian’s credit score, and collaterals.

4. Although it a may seem a complex processing, there are firms who are willing to stand by you at every step and simplify the process for you, so that you focus on your entrance exams and higher studies rather than running pillars to posts for financial arrangements. The best part of Study Loan repayment is, you don’t have to pay the instalments right from day one. Instead, you can start the repayment within six months to one year after the course completion. So, technically speaking you have a time of around 8-10 years for loan repayments. These firms offer customized repayment solutions and you can repay from abroad as well.

5. Some leading private firms offer a pre-admission educational loan, based on your preparatory exam score, creditworthiness of the applicant’s parents, co-borrower. A student can produce it at his or her dream university/institutes towards proof of funds. Don’t let financial hindrance keep you away from achieving dreams, apply for an educational loan online now! • Facebook • Twitter • Instagram • Linkedin • Youtube